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Davis Corporation, a manufacturer, has taxable income of $150,000. Davis's regular tax liability is A) $15,000 B) $41,750 C) $34,000 D) $35,000. Answer: Please explain

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Davis Corporation, a manufacturer, has taxable income of $150,000. Davis's regular tax liability is A) $15,000 B) $41,750 C) $34,000 D) $35,000. Answer: Please explain

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